The most expensive residential locations in Mumbai are usually those overlooking the Arabian Sea. The city has emerged as a top choice for real estate investment BillionairesBusinessmen, celebrities and sports personalities. In recent years, many wealthy Indians have invested in commercial and residential properties in Mumbai, also known as the commercial capital of India. Despite the exorbitant prices, the demand for property here remains high, with many businessmen and industrialists investing in plush apartments located in high-rise buildings and bungalows worth over Rs 100 crore. South MumbaiAnd other popular areas.
As per The Wealth Report 2024 shared by Knight Frank, Mumbai is ranked 8th in the list of top 10 luxury residential markets in the world, while Delhi and Bengaluru at 37th and 59th positions respectively. Mumbai has also left Beijing behind and has come at the top. Billionaire Capital of AsiaThe city is home to 92 billionaires. With that in mind, let's take a look at some of the most expensive residential spaces in the Maximum City, which is home to some of the biggest names in the country.
7 most expensive residential areas in Mumbai, a city that is home to 92 billionaires and is also considered the billionaire capital of Asia
1. Malabar Hill
Malabar Hill has become one of the most expensive residential areas in Kerala. Mumbai. It is already home to some of the wealthiest people in the country. Additionally, several billionaires such as Godrej Industries chairman Nadir Godrej and many others have recently invested in Malabar Hill properties. Notably, India's second richest woman Rekha Jhunjhunwala recently bought majority of the units in a building for Rs 118 crore to preserve an unobstructed view of the Arabian Sea from her primary residence located in Malabar Hill.
Average property prices: Rs 42,000 – Rs 69,000 per sq ft (according to Housing.com)
2. Cuffe Parade
Located in the southernmost part of Mumbai, Cuffe Parade is another popular and expensive area of the city, which is home to prominent celebrities like Ratan Tata and others. The presence of luxurious apartments, five-star hotels, high-rise buildings with bungalows and their proximity to Nariman Point has led to property prices in Colaba reaching sky-high levels.
Average property price: Rs 45,000 – Rs 69,000 per sq ft (as per Housing.com)
3. Tardeo
richest man in india, Mukesh AmbaniLives in a 27-storey house named Antilia, which is worth Rs 15,000 crore and is located in Tardeo. Tardeo, located in south Mumbai, comprises the primary residence of the Ambani family, as well as several commercial properties, educational and healthcare institutions. Over the past few years, the area has witnessed significant development, and has also seen an increase in residential property rates.
Average property prices: Around Rs 46,762 per sq ft (as per Housing.com)
4. Juhu
Located in the western suburbs, Juhu is a favourite spot for famous showbiz personalities. It is home to many Bollywood A-listers like Amitabh BachchanAkshay Kumar, Hrithik Roshan and Ajay Devgan. Its proximity to the sea and availability of independent floors and bungalows make it a hotspot for wealthy actors and producers.
